MongoDB Inc. shares jumped about 30% in after-hours trading after the database software maker reported fiscal second-quarter results that comfortably beat analysts’ estimates and raised its full-year outlook for the second time this year. Revenue for the three months ended 31 July rose 24% from a year earlier to $591.4 million, exceeding the $553.9 million consensus. Adjusted earnings reached $1.00 a share, versus expectations of $0.66, while the GAAP net loss narrowed to $47 million. Sales of MongoDB Atlas, the company’s cloud database service, grew 29% and represented 74% of total revenue. The company added roughly 2,800 customers during the quarter, bringing its client base to about 59,900—more than 5,000 higher than at the start of the fiscal year. For the current quarter, MongoDB projected revenue of $587 million to $592 million and adjusted earnings of $0.76 to $0.79 a share, both ahead of Wall Street forecasts. Management now expects fiscal-year 2026 revenue of $2.34 billion to $2.36 billion and adjusted profit of $3.64 to $3.73 a share, up from prior guidance and well above market estimates. Executives said accelerating demand from artificial-intelligence-focused customers is bolstering adoption of MongoDB Atlas, underpinning the upgraded outlook.
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MongoDB stock surges 30% after earnings as company touts customer growth boom https://t.co/4pclAhfoOH